Buzz on Natco Pharma over land bank

The buzz at the Natco Pharma that it has a land bank valued at close to Rs 350 crore near Hyderabad airport. Supporters of the stock claim that the land will be developed as a retail pharma project.

But, a section of the market feels it may be too early to take a call on the stock based on the land bank. Earlier this year, Natco Pharma had acquired a 75% stake in a drug retail store based in Newark, New Jersey. Natco had then said it has identified pharma retail as a key growth area and would go in for more such acquisitions in future.

No such acquisition has been announced as yet and analysts feel its time the company does that. The stock has risen a modest 3% in the past week.

(This article was originally published in The Times of India)

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